The owner of an apartment, who is at the same time joint owner of the property, must pay his/her share in all costs which arise in the use of the property. Specifically, these are operating costs (sewage charge, costs for rubbish collection or property tax), administration costs, maintenance costs (costs for repairs of the outside...Continue Reading
The assessed value is an estimate of the real estate which is drawn upon as a calculation basis for certain fees and duties and is determined upon request by the tax office with a notification. On the other hand, the market value describes the price that can usually be reached by selling real estate in...Continue Reading
The neighbouring rights (rights and duties of property owners amongst each other) is comprehensively regulated by law. Basically, a consideration duty applies and exposures that are typical for the location, such as the noise of playing children or the crowing of a rooster in the countryside, must be accepted by every property owner as long...Continue Reading